Sparrow Ministries Inc

Analysis

Sparrow Ministries Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sparrow Ministries Inc reported income of $239k and spending of $214k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $220k to $239k (+8.9%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sparrow Ministries Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Phuoc Binh Monastery ($239k), Amazon Basin Ministries Inc ($239k) and Waycoolangels Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $155k (72% of expenses). At year end it held assets of $201k against liabilities of $0, net assets of $201k. It reported 2 employees.